Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Rutgers real estate program touts $113,000 in scholarships in 2017

The Center for Real Estate at Rutgers Business School has awarded more than $113,000 in scholarships this year to nearly 30 graduates and undergraduates in the program.

Industrial

Dermody inks 401,000 sq. ft. lease with logistics firm in Gloucester County

A logistics firm is set to occupy 401,000 square feet at a sprawling industrial park in Logan Township, under a recent lease with developer Dermody Properties.

Residential & Mixed Use

Woodmont touts 100 percent leased milestone at Morris County rental project

Woodmont Properties has reached full occupancy at its luxury 300-unit apartment community in Mount Arlington, touting the demand for high-end rentals in a suburban setting.

Government & Public Policy

Fort Monmouth authority board chairman leaving post at year-end

The board chairman of the Fort Monmouth Economic Revitalization Authority is stepping down after seven years in the post.

Health Care & Education

NJIT unveils new manufacturing training center in Newark

The New Jersey Institute of Technology has opened the doors to a new training and prototyping facility focused on feeding the state’s growing manufacturing sector.

Office

Avison Young to stay as leasing agent after sale of Ramsey office building

A real estate investment firm has retained Avison Young as its leasing team after acquiring a 140,000-square-foot office building in Ramsey.

Industrial

CBRE marketing 50,000-square-foot industrial complex in Kenilworth

Brokers with CBRE are seeking a buyer for a three-building, 50,000-square-foot industrial complex in Kenilworth, touting its proximity to Port Newark-Elizabeth and a lack of comparable properties in the immediate area.

Retail

SLIDESHOW: ICSC’s New York Deal Making conference

Commercial real estate brokers and executives descended on the Jacob K. Javits Convention Center in Manhattan last week for the International Council of Shopping Centers’ annual New York Deal Making conference.

Industrial

EDA awards $38 million to help linen business expand in Irvington, Trenton

An industrial linen business is poised to double its footprint in Irvington and upgrade its space in Trenton, following the approval of nearly $38 million in state tax credits over 10 years.

Government & Public Policy

Box manufacturer proposes 500,000 sq. ft. plant in Florence

The state has approved $13.6 million in tax credits to encourage a cardboard packaging manufacturer to build a 500,000-square-foot facility in Burlington County.